Kazakistan: Nazarbayev, 25 mld dlr with Russia for innovation

(AGI) - Astana, 23 Jun - The 4th industrial revolution has to be done together with Russia, president of Kazakhstan Nursultan Nazarbayev said in an interview to the Russian media where he discussed the scientific and technical cooperation, exchange of experience and joint work in innovation. "Everybody's talking about the transition to the fourth industrial revolution and I believe that it should be carried out together with Russia" the Kazakh President noted. He also stressed that Russia's economy is bigger and that is why Kazakhstan attaches such importance to cooperation with its neighbor. The implementation of the Kazakh-Russian project in the field of fourth industrial revolution could amount to $USD 25 billion, according to the Kazakh President. "Today, we have six thousand joint ventures with Russia. By the way, basically just for this industry, we have the portfolio of proposals, which must be carried out at a total cost of $USD 25 billion. If we exclude from this oil, gas and other raw materials business, we have the remaining amount of $USD 6-7 billion for engineering, processing, small and medium-sized businesses, services" Nazarbayev concluded. (AGI) .